Oil slips to six-month low as recession fears weigh

WASHINGTON: Oil hit a six-month low on Wednesday after a brief rally as concerns about the prospect of a global recession that...

Oil drops as China data weighs

LONDON: Oil prices fell by more than $4 a barrel on Monday on demand fears as disappointing Chinese economic data renewed global...

Oil falls $2 on demand concerns but set for weekly gain

LONDON: Oil prices fell on Friday, depressed by recession fears clouding the demand outlook, but remained on track for a weekly gain. Brent...

Global LNG: Asia spot prices near record highs as buyers focus on winter supply

LONDON: Asian spot liquefied natural gas (LNG) prices climbed to near record levels this week as Asian buyers sought to secure supply...

Disney tops Netflix on streaming subscribers, sets higher prices

LOS ANGELES, Aug 10 (Reuters) - Walt Disney Co (DIS.N) edged past Netflix Inc (NFLX.O) with a total of 221 million streaming customers and announced it...

Oil slips as US crude stockpiles rise, eyes on US inflation data

WASHINGTON: Oil prices fell on Wednesday ahead of a key US report on inflation and after industry data showed US crude inventories...

Bangladesh announces fuel price jumps by 50pc, stokes inflation fears

DHAKA: Bangladesh raised fuel prices by around 50% on Saturday, a move that will trim the country's subsidy burden but put more...

Russia becomes India’s third-largest coal supplier in July, data shows

MOSCOW: Russia became India’s third-largest coal supplier in July, with imports rising by over a fifth compared with June to a record...

Oil eases over demand worries ahead of Opec+ meeting

WASHINGTON: Oil prices fell about one per cent in early trade on Wednesday before paring some losses, ahead of a meeting Opec+...

Oil prices slip as weak factory data fuels global demand concerns

WASHINGTON: Oil prices edged lower on Tuesday as investors absorbed a bleak outlook for fuel demand with data pointing to a global...

World Bank refuses new funding for bankrupt Sri Lanka

COLOMBO: The World Bank said Friday it would not offer new funding to Sri Lanka unless the bankrupt island nation carried out...

Oil steady as market weighs tight supply against recession fears

WASHINGTON: Oil prices were steady to higher in Asia trade on Friday, lifted by supply concerns as attention turns to the next...

Central Bank of UAE imposes financial sanctions on six banks

The Central Bank of the UAE (CBUAE) on Thursday said it imposed financial sanctions on six banks operating in the UAE for...

Oil rises on US inventory drop, Russian gas cuts

LONDON: Oil rose by $1 a barrel on Wednesday as a report of lower inventories in the United States and cuts in...

IMF cuts global growth outlook amid US, China slowdowns

WASHINGTON: Surging inflation and severe slowdowns in the United States and China prompted the IMF to downgrade its outlook for the global...